Expensive services hike core inflation to 7 per cent

Expensive commodity. Sugar prices have reached Shs7,000.

Kampala. High cost of services in the country has driven Uganda’s core inflation to 7 per cent up from 6.4 per cent over the last one year. This implied the general public had to make adjustments to their budgets to access the goods and services they needed.
Uganda Bureau of Statistics (Ubos) said on Tuesday the increase in annual core inflation is due to a rise in annual services inflation which rose to 6.5 per cent for the year ending May 2016, compared to 5.9 per cent increase that was recorded during the year ended April 2016.


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